Expat Cyprus News

Latest 10 news items tagged Cyprus

18 Mar at 6 PM 2019

UK expats in Cyprus still in limbo over Brexit

In spite of Cyprus government reassurances, British expats are still living in limbo. Some 70,000 Britons call Cyprus their home, with the vast majority still angry at how easily their carefully-planned lives can be destroyed by thinly-disguised political manipulation in their country of origin. Even although the Cypriot government has allowed expat residents a year to get their papers in order, they’re fully aware the entire mess could fall apart at any moment, leaving them with shattered dreams and broken lives. One 51-year...
13 Mar at 6 PM 2019

Advice for British expats should no-deal become a reality

As the March 29 deadline looms closer and the British parliament becomes even more disorderly, a huge number of UK expats are still totally confused about the effect on their lives of a no-deal exit. Although the vast majority of EU member states have now reassured their British expat communities as to their rights in the event of a no-deal crash out of the EU, expats are still confused over many aspects of their lives. For example, expats who have money in British bank accounts and use their debit cards to access funds when needed...
26 Feb at 6 PM 2019

Cyprus releases failsafe for Brit expats in danger from Brexit

Cyprus is the latest EU member state to attempt to calm the fears of its British expatriates. Lawmakers in Cyprus have released an assurance that, in the event of a no-deal Brexit, British citizens will be allowed to stay and enjoy their rights as stated in the withdrawal agreement. According to a spokesperson from Cyprus’s High Commission, the present position is that expats on Cyprus as well as Cypriot expats in the UK can continue their lives as usual whilst negotiations during the withdrawal period map out any future changes...
15 Feb at 6 PM 2019

Expats in UAE queuing up for second passports and permanent residency visas

As expatriate professionals’ stability and security in the Arab States become more fragile, those with spare funds are rushing to get second passports. A major reason for choosing one expat relocation destination over others is the stability of the country and the security of the job itself as well as the required work visa. Even the most optimistic foreign workers in the UAE would now have to admit the current concentration on dramatically reducing the numbers of expats employed doesn’t represent security and stability. As a...
14 Feb at 6 PM 2019

Cyprus to protect British expats’ rights in case of no-deal Brexit

Cyprus has assured its UK expat residents their rights will remain should a no-deal Brexit be the final result. The former British colony of Cyprus prior to the island’s independence in 1960 has now reassured its British expat community their rights will be protected in the event of a no-deal Brexit. The island has joined a number of other EU member states in giving at least some security to British expatriates living, working or retiring in popular expat regions. The message was sent to the UK government’s Foreign Secretary...
11 Feb at 6 PM 2019

Are QROPS still an option post-Brexit?

Retirement – what about a post-Brexit QROPS? The freedom to choose another country for your retirement years is a romantic notion, but it’s now become far more popular due to ease of travel and a wide choice of destinations to suit all pockets. The excitement of a whole new environment is hard to resist, especially as many Western countries are mired in political chaos and instability. Sadly, for would-be British expats, Brexit is almost certain to slash their options as regards choice of a new homeland, but it’s also providing...
6 Feb at 6 PM 2019

British expats across Europe now claiming foreign citizenship and a second passport

Even before Brexit becomes a reality, many thousands of British citizens have voted with their feet by applying for European citizenship. One major reason for expatriating is that the UK just doesn’t feel like home any more, according to those who can’t wait to leave or have already left. Those with Irish grandparents are the luckiest, with 200,000 Brits claiming to be descendents of Irish citizens stating their relationships on their passport applications in 2018. The mass exodus includes those whose families were originally from...
16 Jan at 6 PM 2019

Cyprus property market buoyant, but investors warned to take care

Cyprus’s real estate market had a successful 2018 both in the commercial and residential sectors, but potential investors are being warned to take care. Increased demand for properties during 2018 pushed up prices in both the rental and residential sectors, with sales of homes as well as increased rental returns making investors and incoming expats happy. However, reliable firms in the sector as a whole are warning potential investors to make sure they know the local ropes before dipping their financial toes in the water, especially...
3 Jan at 6 PM 2019

May’s meaningful vote and possible alternatives affecting Brit expats in Cyprus

For British expats in Cyprus, Theresa May’s ‘meaningful vote’ will affect them almost as much as would a no-deal Brexit. The curse of Brexit is still reverberating across British expats’ favourite long-stay European havens, with the alternatives as clear as mud. Each possible outcome has its own specific nightmares for expat Brits, even if enlightened government do their best for their country’s expatriate community. Oddly enough, May’s winning the upcoming vote is perhaps the best available option for expats, with the...
6 Dec at 6 PM 2018

Multiple Golden Visas now essential for the ultra-wealthy

Is global citizenship now a must-have for wealthy expatriates? Paying anything from a reasonable amount to a small fortune for a second passport, residency and citizenship in a country you’ve never even visited now seems to be the must-have accessory for expats as well as wealthy nationals of slightly politically unstable world countries. So much so that multiple Golden Visa passports are more desirable than just one as they brand the owner as worldly, interconnected and a contact to be cherished by those less fortunate. Practically...